To the Point

Citibank and the US Economy

Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.

By Warren Olney • May 12, 2014 • 1 min read

Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.

Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Sonya Geis
Senior Managing Editor
Peter Morici
University of Maryland

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To the Point

Citibank and the US Economy

Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.

Share

To the Point

Citibank and the US Economy

Citigroup said today it lost $10 billion in the last three months, the first time it has reported a loss since it was redesigned 10 years ago as a global "financial supermarket." Economist Peter Morici, a business professor at the University of Maryland, discusses the impact on the US economy.

Share